Corrado Advisors LLC Cuts Stock Position in Schwab U.S. TIPS ETF (NYSEARCA:SCHP)

Corrado Advisors LLC lessened its stake in shares of Schwab U.S. TIPS ETF (NYSEARCA:SCHP) by 3.5% in the 4th quarter, Holdings Channel.com reports. The firm owned 38,258 shares of the company’s stock after selling 1,406 shares during the quarter. Schwab U.S. TIPS ETF comprises about 1.6% of Corrado Advisors LLC’s portfolio, making the stock its 27th largest holding. Corrado Advisors LLC’s holdings in Schwab U.S. TIPS ETF were worth $1,997,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. Cerity Partners LLC raised its position in Schwab U.S. TIPS ETF by 327.1% in the fourth quarter. Cerity Partners LLC now owns 13,385,973 shares of the company’s stock worth $698,748,000 after acquiring an additional 10,251,581 shares in the last quarter. Empower Advisory Group LLC raised its position in Schwab U.S. TIPS ETF by 24.9% in the third quarter. Empower Advisory Group LLC now owns 12,524,783 shares of the company’s stock worth $632,376,000 after acquiring an additional 2,499,508 shares in the last quarter. Korea Investment CORP purchased a new position in Schwab U.S. TIPS ETF in the third quarter worth $29,284,000. JPMorgan Chase & Co. raised its position in Schwab U.S. TIPS ETF by 8.4% in the third quarter. JPMorgan Chase & Co. now owns 7,306,113 shares of the company’s stock worth $368,886,000 after acquiring an additional 566,822 shares in the last quarter. Finally, Financial Architects LLC purchased a new position in Schwab U.S. TIPS ETF in the fourth quarter worth $25,171,000.

Schwab U.S. TIPS ETF Trading Up 0.2 %

NYSEARCA:SCHP traded up $0.11 during trading hours on Tuesday, hitting $51.38. The company’s stock had a trading volume of 1,098,855 shares, compared to its average volume of 1,240,770. Schwab U.S. TIPS ETF has a 52-week low of $49.50 and a 52-week high of $53.92. The business’s 50-day moving average is $51.73 and its two-hundred day moving average is $51.45.

Schwab U.S. TIPS ETF Profile

The Schwab U.S. TIPS ETF (SCHP) is an exchange-traded fund that mostly invests in investment grade fixed income. The fund tracks a market-value weighted index of US Treasury inflation-protected securities with at least one year remaining in maturity. SCHP was launched on Aug 5, 2010 and is managed by Charles Schwab.